The USDCHF pair managed to break the bearish flag’s support line that appears on the chart and settles below it, to get a negative motive that supports the expectations of continuing the bearish trend in the upcoming sessions, on its way to head towards 0.9187 that represents our next negative target.
Therefore, we will continue to suggest the bearish trend on the intraday and short term basis unless the price rallied to breach 0.9435 level and hold above it.
The expected trading range for today is between 0.9250 support and 0.9400 resistance.
The expected trend for today: Bearish
Origin: Economies
